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Florida and Texas bankers sue Treasury and IRS
Source:
miamiherald.com
- Apr 23, 2013
By David Hendricks
San Antonio Express-News
The Florida and Texas Bankers Associations have filed a lawsuit against the federal government aimed at striking down a new regulation requiring U.S. banks to report interest payments made to foreign account holders to their home governments, the associations said,
The lawsuit, filed Thursday against the U.S. Department of Treasury and the Internal Revenue Service in the U.S. District Court in Washington, seeks a judgment that the new regulation is in violation of a federal law, the Administrative Procedures Act and Regulatory Flexibility Act, which requires a cost-benefit analysis.
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http://www.miamiherald.com/2013/04/22/3358762/florida-and-texas-bankers-sue.html
Category: IRS
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